Many Venezuelans have been buying up Bitcoin in ever-increasing numbers to hedge against currency devaluation. An Unparalleled Currency Crisis Venezuela was once one of the wealthiest countries in Latin America, with the highest standard of living on the entire continent. It’s massive oil reserves are the largest in the world, exceeding even those of Saudi Arabia. A resource-rich country Venezuela has fallen into a devastating economic crisis that is reminiscent of the legendary currency collapseRead More The post appeared first on Bitcoinist.com.
